Micron Pauses Big Buybacks as Chip Rivals Push Returns
TL;DR Summary
Barron’s reports Micron is barred from large share repurchases due to its 2024 CHIPS Act funding, with restrictions set to expire December 9. While rivals SK Hynix, Kioxia and Samsung Electronics pursue or announce sizable buybacks, Micron plans to wait and instead invest $10 billion over the next decade in Micron Research Labs. UBS estimates Micron will generate ample free cash flow in 2027–2028 and could devote most of it to buybacks once the restrictions lift, meaning shareholders may wait for meaningful returns.
- Why Micron Isn’t Buying Back Stock Like Memory-Chip Rivals—and Why It Could Barron's
- SK Hynix shares surge over 12% in Seoul after announcing massive stock buyback CNBC
- SK Hynix Climbs 4% on Record Buyback, Micron Ticks Up as Memory Defies the Tech Selloff Yahoo Finance
- Samsung Electroncis to announce more than $72 billion shareholder return programme, media reports Reuters
- SK Hynix Moves to Calm Market With $29 Billion Share Buyback Bloomberg.com
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